ABSTRACT This article explores the relationship between new housing and the existing housing stock in terms of an urban market value hierarchy, considering the importance of the concept of depreciation, as influenced by three factors: the age, location and quality of the building. Based on a sample from the Almond area of Madrid City Centre, the research considers many variables and applies an adapted appraisal approach termed differential depreciation to analyse the evidence of real estate values and the influence of spatial and temporal location factors. The study of the role of depreciation in the value of housing used in this research provides researchers with objective criteria on the functioning of the urban land market. This shows that the relationship between depreciation and the need for renovation is not linear, but instead follows identifiable patterns linked to the era of construction rather than solely the age of the building.

中文翻译：

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建筑物折旧的时空影响

摘要本文根据城市市场价值等级探讨了新房屋和现有房屋存量之间的关系，同时考虑了折旧概念的重要性，这受三个因素的影响：建筑物的年龄，位置和质量。基于马德里市中心杏仁地区的样本，该研究考虑了许多变量，并应用了一种称为微分折旧的适应性评估方法，以分析房地产价值的证据以及时空位置因素的影响。这项研究对折旧在住房价值中的作用进行了研究，为研究人员提供了有关城市土地市场运作的客观标准。这表明折旧与装修需求之间的关系不是线性的，